Home » Business » China Business News: Financial Data for the First Half of 2023 – M2 Balance, Social Financing, and RMB Loans

China Business News: Financial Data for the First Half of 2023 – M2 Balance, Social Financing, and RMB Loans

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China Business News 2023-07-12 12:46:03

Editor in charge: Hao Yunying

According to the official website of the People’s Bank of China, the financial statistics report for the first half of 2023 shows that the balance of broad money (M2) at the end of June was 287.3 trillion yuan, a year-on-year increase of 11.3%. In June, the social financing scale increased by 4.22 trillion yuan, estimated at 3.1 trillion yuan, and the previous value was 1.5556 trillion yuan. In June, new RMB loans were 3.05 trillion yuan, estimated at 2.3 trillion yuan, and the previous value was 1.36 trillion yuan.

Financial data released in June: M2 balance increased by 11.3% year-on-year, social financing scale increased by 4.22 trillion yuan

According to the official website of the People’s Bank of China, the financial statistics report for the first half of 2023 shows that the balance of broad money (M2) at the end of June was 287.3 trillion yuan, a year-on-year increase of 11.3%. In June, the social financing scale increased by 4.22 trillion yuan, estimated at 3.1 trillion yuan, and the previous value was 1.5556 trillion yuan. In June, new RMB loans were 3.05 trillion yuan, estimated at 2.3 trillion yuan, and the previous value was 1.36 trillion yuan.

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2023-07-12 14:44:18
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